The last Government backed funding initiative which was brought in to aid the recovery of businesses during COVID-19 will be coming to an end on 30th June 2022. The Recovery Loan Scheme (RLS) was created to support businesses of any size, who have been affected by the pandemic and need some financial help either through…
read moreTo ensure ongoing business continuity and growth, the correct management of working capital is critical. A key factor is maintaining a healthy cash flow to ensure that all ongoing day to day costs are accounted for. The difference between a successful and a struggling business is often down to their management of their working capital.…
read moreSince 2020 the construction industry has seen positive growth and although there will be challenges ahead, it is expected to capture further growth potentials in the next 24 to 48 months. With more construction sites being developed there is likely to be a surge in demand for plant and heavy machinery. The issue many construction…
read moreUnderstanding and translating key financial acronyms can be challenging. We have taken some of the most common ones and offered some simple translations: LTV = Loan to Value The percentage of any loan outstanding in comparison to the value of the asset. GDV = Gross Development Value The projected value of a property once construction…
read moreThe world of digital technology cannot sit and stagnate, it must continually transform and new and better improvements have to be made. Shifting to cloud storage or adopting artificial intelligence are just a couple of the challenges that businesses face when considering their digital footprint. Of course, the major issue with the digital technology landscape…
read moreBusiness expansion can be an incredibly exciting time in the lifecycle of a company. It focusses on increasing 3 key areas of the business: customers, brand awareness and profits. Different types of expansion will involve different types of activities, the more common ones being the purchase of new assets, the opening of new offices or…
read moreBalancing cash flow is a key component to the success of any business. Having a sustainable level of cash to assist with paying salaries and bills whilst also keeping a healthy reserve for those unexpected costs is vitally important. Any business that can safeguard its money will in turn help to secure its future growth.…
read moreAs the clocks spring forward and we all start dreaming of warmer weather and lighter nights there is a real buzz building around the forthcoming festival season. Having been hit hard with a lack of events for the last 2 years, there is great optimism that this year will see the festival scene return to…
read moreBusiness car finance enables companies to purchase new vehicles, without having to fund the total amount of the purchase upfront. Whether it is a company car upgrade, a brand-new vehicle requirement or a new fleet of vehicles, there are currently some excellent finance deals available. There are several solutions available: Contract hire enables a business…
read moreAsset funding in simple terms, describes a type of funding that can be used for purchasing a new business asset. It can be used for either acquiring a new asset or for raising finance against an asset which the business already owns. It can be broken down in to 2 specific categories, hire purchase and…
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